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Oct 6, 2012
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for example, he said that obama doubled the deficit. he didn't. he brought the deficit down. he said that obama -- >> $5 trillion worth of deficits? >> first 1. 2, 5 trillion in th deficit disorder. >> the president said he would cut the deaf set in half. unfortunately he doubled it. trillion dollar deficits for the last four years. the president's put in place as much public debt, almost as much debt held by the public as all prior presidents combined. >> when i walked in the oval office, i had more than a trillion dollar deficit greeting me, and we know where it came from. two wars that were paid for on a credit card, two tax cuts that were not paid for, and a whole bunch of programs that were not paid and then a massive economic crisis. >> question. president obama's gambit has been to blame his predecessor bush for his $4 trillion deficit. why didn't that pay off, pat? >> frankly, president bush is an argument that obama has used which has been somewhat effective, that he inherited a very tough situation. >> he knew what he was inheriting. >> but he didn't mention bush's
for example, he said that obama doubled the deficit. he didn't. he brought the deficit down. he said that obama -- >> $5 trillion worth of deficits? >> first 1. 2, 5 trillion in th deficit disorder. >> the president said he would cut the deaf set in half. unfortunately he doubled it. trillion dollar deficits for the last four years. the president's put in place as much public debt, almost as much debt held by the public as all prior presidents combined. >> when i walked...
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Jun 25, 2012
06/12
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that you had countries that weren't running deficits, government deficits like ireland and spain, that were held up as poster children before the crisis of doing things right. and that when the crisis hit, you both had a big drop in tax revenues. you had bank bailouts. and these countries had decent social safety nets so that, you know, things like, you know, unemployment insurance went up. and so the budget crisis they're having is the direct result of the financial crisis. and yet it's somehow being treated as if they're separate events. like somehow these governments were profligate and that borrowers were irresponsible -- >> social safety net. >> safety net. >> exactly. right. that's clearly going to be the place that is going to take the brunt of the damage. i mean, i think the most direct example here in america was a lot of unions and state pension funds were primary victims of the sort of broad fraud scheme to sell fraudulent mortgage backed securities. so they -- a lot of these institutional investors were buying these bad mortgages, huge pools of mortgages from all these, the
that you had countries that weren't running deficits, government deficits like ireland and spain, that were held up as poster children before the crisis of doing things right. and that when the crisis hit, you both had a big drop in tax revenues. you had bank bailouts. and these countries had decent social safety nets so that, you know, things like, you know, unemployment insurance went up. and so the budget crisis they're having is the direct result of the financial crisis. and yet it's...
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Mar 29, 2012
03/12
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tavis: you referenced deficit reduction a moment ago. i find it incredulous there are people in washington who do not want to trade six conversation -- change the conversation to deficit reduction. there are voices increasing in washington and around the globe, calling for austerity. how is it possible that anybody in his or her right mind in washington could possibly think austerity is the answer? >> part of the, i think, ms. calculation on the part of those folks, who do not understand what is happening -- you cannot do both at the same time. you ease into it. you have to look at where there is excessive spending that will not heard volatile population that is the priority of this administration. even this upcoming budget debate for 2013, there is a prioritized effort to expand our job-creation programs. i am happy the president is doing that for the first time for displaced workers, but also hard hit neighborhoods. he is making a concerted effort to do that. we have done already some of those programs through demonstration projects, a
tavis: you referenced deficit reduction a moment ago. i find it incredulous there are people in washington who do not want to trade six conversation -- change the conversation to deficit reduction. there are voices increasing in washington and around the globe, calling for austerity. how is it possible that anybody in his or her right mind in washington could possibly think austerity is the answer? >> part of the, i think, ms. calculation on the part of those folks, who do not understand...
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Sep 8, 2012
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. >> as we work through the issues of debt, entitlement and budget deficit s and wall of debt, we can work on the research and development and the things that made california so great. >> california! california! >> belva: for analysis of convention highlights and california role in upcoming election, i'm joined by joe garofoli from the "san francisco chronicle." kitty felde, washington correspondent for kpcc, california public radio and debra saunders, columnist for the "san francisco chronicle." some exciting times. do you think or did the democrats deliver on bringing energy to president obama's bid for re-election? >> i think bill clinton was definitely the star of the week. even he outshined the president, i think, with his speech. think michelle obama had a better speech. the president's speech was good, but it is hard when he is asking for more time. it's almost like an apologetic speech. >> let's talk about four years ago when we were in denver. barack obama gave the amazing speech. he columns behind him. he is not the one anymore. bill clinton was the one. michelle obama was t
. >> as we work through the issues of debt, entitlement and budget deficit s and wall of debt, we can work on the research and development and the things that made california so great. >> california! california! >> belva: for analysis of convention highlights and california role in upcoming election, i'm joined by joe garofoli from the "san francisco chronicle." kitty felde, washington correspondent for kpcc, california public radio and debra saunders, columnist for...
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Sep 8, 2012
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it's overall deficit, either. that was just not an issue, it seems, anymore. >> warner: did he give you confidence in a second term with this new, perhaps, stokerness, a realization that he could really make things happen? >> i wasn't convinced that he really had it in him to-- to take his presidency to a level where he could cause congress to do the things that he wants them to do. >> for me, it's still an open question. how is he going to work with people who-- who have made it their explicit goal to make sure that he's not in office. if he comes to be in office again, i don't know. he doesn't tell me what the road is, or even the end point. i don't know what the road is, and i don't know where the road is going. >> warner: sounds like you're lost. >> right. >.s. >> warner: do you all remain undecided? >> i'm not they've been asking are you better off now than you were four years ago? i would answer in the affirmative. >> i will be looking at my own sprawls also coupled with i think that the republicans perhaps
it's overall deficit, either. that was just not an issue, it seems, anymore. >> warner: did he give you confidence in a second term with this new, perhaps, stokerness, a realization that he could really make things happen? >> i wasn't convinced that he really had it in him to-- to take his presidency to a level where he could cause congress to do the things that he wants them to do. >> for me, it's still an open question. how is he going to work with people who-- who have made...
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Sep 8, 2012
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deficit too high? try another. feel a cold coming on? take two tax cuts, roll back some regulations, and call us in the morning. >> so was that sarcasm? >> well, look, it also -- it's valid, it's good, it's funny because there's a lot of truth in it. look, for the last four years we have also had the bush tax cuts in place, as well as the fed pumping out the money, as well as obama's stimulus program. all of these things, none of them have worked. i think eleanor is right in this sense. i don't think obama knows exactly what's going to work or what he can get through. i don't think the republicans are all that confident that their ideas are going to get this thing moving again because the bush tax cuts haven't in the last four years. >> and whatever their ideas are, other than less regulation, more tax cuts, they're not revealing them because they know that their ideas would require higher taxes on the middle class, a cut dramatically in programs, and i thought bill clinton made a very effective point when he talked about their plans to
deficit too high? try another. feel a cold coming on? take two tax cuts, roll back some regulations, and call us in the morning. >> so was that sarcasm? >> well, look, it also -- it's valid, it's good, it's funny because there's a lot of truth in it. look, for the last four years we have also had the bush tax cuts in place, as well as the fed pumping out the money, as well as obama's stimulus program. all of these things, none of them have worked. i think eleanor is right in this...
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Aug 4, 2012
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and the deficit the mean nasty republicans in congress who cut and held the line on spend manage a huge amount to do with that. john this is a hugely important argument now over the economy. mitt romney cannot just go out there and say economic conditions are inadequate, which is clearly true. he has to make the sale that his plan is better. and this is an attempt, finally, to do it. he is talking about the middle class, which is always very important for republicans. he is honing it down to five key points, and it is, basically, the reagan approach, proven to have worked in the past. get these burdens off of the private sector to the extent you can. >>> mort? >> one of the first things bill clinton did as president was part of that through raising taxes and i'm totally in favor of that. however he also had an extraordinary understanding of macroeconomics. i was working for him at that time. he was a genius in terms of his understanding. >> romney? > >> no, e's talking about bill clinton. >> this president doesn't know anything about that. it is amazing. i can say that because i have ha
and the deficit the mean nasty republicans in congress who cut and held the line on spend manage a huge amount to do with that. john this is a hugely important argument now over the economy. mitt romney cannot just go out there and say economic conditions are inadequate, which is clearly true. he has to make the sale that his plan is better. and this is an attempt, finally, to do it. he is talking about the middle class, which is always very important for republicans. he is honing it down to...
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Nov 10, 2012
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george herbert walker bush, president 41, facing the deficits, really ballooning deficits of the time, unprecedentsed deficits could lap rated with democrats and some republicans and passed a tax increase. he paid dearly for it. the country got fiscal health. out of it. but he paid. he got a primary challenge and he got the wrath of a lot of the base of the republican party and he lost reelection. bill clinton then came and again to restore fiscal, the sustained fiscal health, increased taxes without a single republican voting for it and what happened, he paid a price. democrats lost control of the congress and for-- after having it for 40 years in 1994. and the lesson that was learned was learned by bush 43. who came and cut taxes twice. now under bush 41 and clinton, we had sustained economic growth and fiscal sanity. >> woodruff: with higher tax rates. >> with higher tax rates. under bush 43 with two tax cuts we had an economy in tore pur and doubled the fat debt. and but it's become, david can explain t the republicans, you know, you don't go near a tax increase of any sort. >> i'
george herbert walker bush, president 41, facing the deficits, really ballooning deficits of the time, unprecedentsed deficits could lap rated with democrats and some republicans and passed a tax increase. he paid dearly for it. the country got fiscal health. out of it. but he paid. he got a primary challenge and he got the wrath of a lot of the base of the republican party and he lost reelection. bill clinton then came and again to restore fiscal, the sustained fiscal health, increased taxes...
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Dec 13, 2012
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money or will they reduce the deficit? over 60% americans point out they'll just spend the money. so the argument for raising taxes, the american people see through that. it's not a tax on the rich, it will hit everyone. the income tax was only supposed to hit people who made $11 million or more when they put it in. now half of americans get hit by it. >> woodruff: the polls i'm see dog show a majority of americans say they're prepared to go along with w higher taxes for people making over $250,000 a year. but let me ask you, grover norquist, about what happened in the past when tax rates went up under president clinton and previous eras. tax rates went up and there was still strong economic growth. >> well, you can go to the clinton years. the first two years of the clinton administration had slow growth and not much job creation. he raised taxes and he planned to spend every dollar that came in in terms of a tax revenue plus $200 billion. his five-year plan was $200 billion every year out because he was going to spend ev
money or will they reduce the deficit? over 60% americans point out they'll just spend the money. so the argument for raising taxes, the american people see through that. it's not a tax on the rich, it will hit everyone. the income tax was only supposed to hit people who made $11 million or more when they put it in. now half of americans get hit by it. >> woodruff: the polls i'm see dog show a majority of americans say they're prepared to go along with w higher taxes for people making...
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Sep 7, 2012
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one he's going to embrace deficit reduction. you remember he was criticized for not embracing the bowles simpson commission that president clinton talked about yesterday. he is going to say that he embraces the goal of four trillion or more in deficit reduction. so that's going to be an interesting change. he's also going to embrace the fracking revolution, energy independence, talking about creating 400,000 new jobs in natural gas. that's an interesting development. i think very interesting, the president is going to call for having the growth, cutting in half the growth of college tuition, a very interesting way to appeal to middle class voters. >> but people are interested in jobs. and you know, we've been talking about this jobs report tomorrow. to what extent is president obama you think going address details about his vision to turn the economy around and to create more jobs. >> well, i think all of these things that i just mentioned that we're hearing from the experts play into that we're not going to hear, you know this
one he's going to embrace deficit reduction. you remember he was criticized for not embracing the bowles simpson commission that president clinton talked about yesterday. he is going to say that he embraces the goal of four trillion or more in deficit reduction. so that's going to be an interesting change. he's also going to embrace the fracking revolution, energy independence, talking about creating 400,000 new jobs in natural gas. that's an interesting development. i think very interesting,...
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Dec 7, 2012
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captioning sponsored by macneil/lehrer productions >> brown: with no compromise in sight for a deficit deal, president obama pressed his case at the home of a middle class family in virginia today, part of his pitch to extend tax cuts for all but the very wealthy. good evening, i'm jeffrey brown. >> woodruff: and i'm judy woodruff. on the "newshour" tonight, we update the state of the negotiations and examine the push to make changes to social security and medicare >> brown: then, margaret warner looks at the political strife in egypt, after deadly clashes in the streets and resignations by top officials. >> woodruff: we have a battleground dispatch from a coastal city facing rising sea levels and the next big storm. >> if sandy were to come close or directly into norfolk i think we'd all be in big trouble. >> brown: we assess the latest diplomatic moves to end syria's war, as secretary of state hillary clinton meets with russia's foreign minister. >> woodruff: and ray suarez has the story of a program that aims to put students at low-achieving schools on a path to high school graduati
captioning sponsored by macneil/lehrer productions >> brown: with no compromise in sight for a deficit deal, president obama pressed his case at the home of a middle class family in virginia today, part of his pitch to extend tax cuts for all but the very wealthy. good evening, i'm jeffrey brown. >> woodruff: and i'm judy woodruff. on the "newshour" tonight, we update the state of the negotiations and examine the push to make changes to social security and medicare...
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Sep 7, 2012
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some of the goals strike me as extremely modest, reducing the deficit by $4 trillion over a decade. that's like a hundred million a year, it's not that much. so it suggest he is's going to lay out a vision of influencing the economy in distinct places which suggests he will lay out a vision. >> are these the kinds of things mark, that you're looking for? >> yeah, i think most of saul it's the results of reassurance. as michael said the second term is going to be better than the first and a million new jobs in manufacturing. we've seen manufacturing jobs increase in the country for the first time really since the late 1990s and i think what you have here is a modest goal, quite frankly. bill clinton, 21 million new jobs in eight years. that was a rather remarkable achievement. >> woodruff: even then as we were talking about richard norton smith about, whatever promise he makes it is, as richard said, a leap of faith, about whether he can accomplish it. >> by 2014 i guarantee we'll do that. a lot of these are carefully calibrated to be met even if he lies down on the couch for a coupl
some of the goals strike me as extremely modest, reducing the deficit by $4 trillion over a decade. that's like a hundred million a year, it's not that much. so it suggest he is's going to lay out a vision of influencing the economy in distinct places which suggests he will lay out a vision. >> are these the kinds of things mark, that you're looking for? >> yeah, i think most of saul it's the results of reassurance. as michael said the second term is going to be better than the...
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Jun 5, 2012
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and that's driven many of the deficits that we've seen not only here in wisconsin, but i believe many of the deficits around the country. >> i think governor walker wants to have national implications and i think that is who he is catering to. he is the rock star of the far right and he is able to raise these tens of millions of dollars. >> brown: you keep using that phrase. >> because it's true. you've got a sitting governor who raises 60%-70% of his money from out of state. so he wants the state to be an experimental dish for the right wing. >> brown: nationally? >> yeah, nationally. >> brown: wisconsin has been living through a political drama for nearly two years now, with a great debate over the size and scope of government, budget deficits and spending, and the power of corporations and unions. if all that sounds familiar, well it should: this state is a laboratory for many of the issues playing out in, and dividing, the nation. it began in november 2010. when then 43-year-old scott walker defeated tom barrett by five points. and wisconsin, which had voted for barack obama in 20
and that's driven many of the deficits that we've seen not only here in wisconsin, but i believe many of the deficits around the country. >> i think governor walker wants to have national implications and i think that is who he is catering to. he is the rock star of the far right and he is able to raise these tens of millions of dollars. >> brown: you keep using that phrase. >> because it's true. you've got a sitting governor who raises 60%-70% of his money from out of state....
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Sep 6, 2012
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this year we pass add as a framework, simpson-bowles, as a framework to take on the deficit. we have taken on seniority and tenure. this is a practical group of people. we're not married to orkt orthodoxy and ideology but we do have understand democrats have been more focused on cities and on investment in those cities than republicans have. >> woodruff: are you saying the president was was wrong not to embrace simpson-bowles? >> the president has proposed a balanced effort to reduce the deficit along the lines of simpson-bowles. the only difference between the president's plan to reduce the deches and simpson-bowles is he doesn't raise taxes on the middle class upon. he races it on the top 2% of america and he doesn't cut defense to the level that he did does. simpson-bowles is a balanced approach. in the ryan plan, they just cut $4 trillion and want to give a $5 trillion tax cut to the upper income. >> you also have no partner. we can't balance the budget with no revenue. and both mitt romney and his running mate have said they will offer zero revenue. >> ifill: let me ask
this year we pass add as a framework, simpson-bowles, as a framework to take on the deficit. we have taken on seniority and tenure. this is a practical group of people. we're not married to orkt orthodoxy and ideology but we do have understand democrats have been more focused on cities and on investment in those cities than republicans have. >> woodruff: are you saying the president was was wrong not to embrace simpson-bowles? >> the president has proposed a balanced effort to...
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Jun 6, 2012
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we have a deficit problem. we have a lot of problems. not enough lawsuits is not one of them. >> sreenivasan: president obama was a staunch supporter of the bill. republican presidential candidate mitt romney has yet to take a stand on the issue. on wall street today, stocks rebounded slightly from last week's sell-off, but investor angst over the euro-zone still lingered. the dow jones industrial average gained more than 26 points to close at 12,127. the nasdaq rose 18 points to close at 2,778. the walt disney company today became the first major media corporation to ban junk food advertising. the plans will not be fully implemented until 2015. but by then, all food and beverage products that are advertised or promoted by disney will have to meet strict nutrition guidelines. many foods-- like prepackaged lunches, fruit drinks, candy and snack cakes-- won't make the cut. according to the centers for disease control and prevention, one out of five american children and adolescents is obese, putting them at risk for a host of health proble
we have a deficit problem. we have a lot of problems. not enough lawsuits is not one of them. >> sreenivasan: president obama was a staunch supporter of the bill. republican presidential candidate mitt romney has yet to take a stand on the issue. on wall street today, stocks rebounded slightly from last week's sell-off, but investor angst over the euro-zone still lingered. the dow jones industrial average gained more than 26 points to close at 12,127. the nasdaq rose 18 points to close at...
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May 5, 2012
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party to form a strong, stable and effective government, especially one ready to take the difficult to deficit-reducing measures that this country needs in june when it needs to find 11 billion euros worth of cuts. up to 50,000 public service jobs have to be declined by 2014. some analysts say that the government may not see out the years and and they will have fresh elections. there is political instability here. the global financial crisis could mean more trouble for the eurozone as a whole. in truth, nobody knows how sunday's election will go. this is a country that paved the world of democracy and it is now facing the most unpredictable democratic test for many decades. >> japan is about to switch off a nuclear power for the first time in four decades. before last year's devastating earthquake and tsunami, while japan was trying a third of its electricity from nuclear plants, since then, as soon as the reactors shut for maidens, local authorities refused to let its restart. fossil fuels are increasing, with them the cost of energy. as lyndon prepares to host -- as london prepares to host the olympi
party to form a strong, stable and effective government, especially one ready to take the difficult to deficit-reducing measures that this country needs in june when it needs to find 11 billion euros worth of cuts. up to 50,000 public service jobs have to be declined by 2014. some analysts say that the government may not see out the years and and they will have fresh elections. there is political instability here. the global financial crisis could mean more trouble for the eurozone as a whole....
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make it hard for any party to form a strong government, especially one ready to take the difficult the deficit-reducing measures that the country needs. 150,000 public service jobs will be done by 2014. that would be very difficult for a shaky coalition. some analysts say that they might even not get to the year's end. this is the epicenter of the global financial crisis. this could spell more trouble for the eurozone. in truth, no one knows how the election will go. this is the country that gave the world of democracy and now they are predicting the most unpredictable test for many decades. >> japan is about to switch off nuclear power for the first time in four decades. before last year's devastating earthquake and tsunami, japan was drawing 1/3 of its electricity from nuclear plants. local authorities refuse to let the last working reactor restart. it will be going off line. as london the press to host the olympic games, another large scales occurred exercises take place on bill river thames. -- take place on at the river thames. the largest battleship will be going up the river towns to take part i
make it hard for any party to form a strong government, especially one ready to take the difficult the deficit-reducing measures that the country needs. 150,000 public service jobs will be done by 2014. that would be very difficult for a shaky coalition. some analysts say that they might even not get to the year's end. this is the epicenter of the global financial crisis. this could spell more trouble for the eurozone. in truth, no one knows how the election will go. this is the country that...
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Mar 21, 2012
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incomes looks like a good way of getting the richest to pay more in tax, as we are trying to fix the deficit. the problem is that it is not obvious that they will pay a lot more because it will probably put a lot told -- lot of legal effort into avoiding the tax appeared >> many conservatives have been arguing for weeks that it could actually be a problem for the economy. some in the cabinet are rather squeamish about the idea, fearing the critics could argue this budget is just a budget for the rich. even david cameron is thought to have his own reservations about this political gamble. >> i have two words. the first is that it undermines the idea that is the party of the rich. this could be the only thing people notice in the budget. people will only notice this position. it does obsess the media. >> that is precisely why the deputy prime minister has made it clear his side of the coalition government will only agree to the cutting of the 50% tax if it is counterbalanced by other measures. bbc news, westminster. >> you are watching the bbc live from singapore and london. the rich and poor
incomes looks like a good way of getting the richest to pay more in tax, as we are trying to fix the deficit. the problem is that it is not obvious that they will pay a lot more because it will probably put a lot told -- lot of legal effort into avoiding the tax appeared >> many conservatives have been arguing for weeks that it could actually be a problem for the economy. some in the cabinet are rather squeamish about the idea, fearing the critics could argue this budget is just a budget...
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Oct 20, 2012
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at this stage we're not seeing any deficit in terms of function. she seems to be able to understand. she has some memory, she's able to stand. she's got mor control so she's able to write. whorether r ere is any subtle intellectual or memory deficits down the line is too early to say. >> sreenivasan: yousufzai was flown to rmingham, england, on monday. she had advocated for girls' education in pakistan and against taliban atrocities. the militant group has warned it will try again to kill her. new disclosures emerged today t about the assault that killed the u.s. ambassador to libya. the associated press reported the cia station chief cabled washington the next day. he cited evidence it was a terrorist attack, and not a protest, as top u.s. officials said for another week. today, in a radio interview,ya republican vice presidential candidate paulyallcalled for president obama to say more in monday's final debate. >> they refuse to answer the basic questions about whatca happened. you know, and so his response has been whinconsistent, it's beensi mi
at this stage we're not seeing any deficit in terms of function. she seems to be able to understand. she has some memory, she's able to stand. she's got mor control so she's able to write. whorether r ere is any subtle intellectual or memory deficits down the line is too early to say. >> sreenivasan: yousufzai was flown to rmingham, england, on monday. she had advocated for girls' education in pakistan and against taliban atrocities. the militant group has warned it will try again to kill...
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more than any other deficit reduction ckage that we will have stabilized it for ten years. that is a significantab achievement for them. they should be proud of it. but they keep on finding ways to say noas opposed to finding ways to say yes. >> sreenivasan: the presiasnt's plan would raise taxes on those making more than $400,000 a year. white house officials said he'd veto what house republicans call .plan it would raise taxes on those. making one million dollars a year, and keep tax cuts f everyone else. but speaker boehner said he's going ahead with the bill anyway. >> tomorrow the house will pass legislation to make permanent tax relief for nearly every american. 99.81% of the american people. ananthen the president will have decision to make.th he can call on the senate democrats to pass that bill or he can be responsible for the largest tax increase in american history. boehner and the president have been negotiating in private. but administration officials said there's been no progress since monday. wall street had been rising this week ohopes for a deal in washingt
more than any other deficit reduction ckage that we will have stabilized it for ten years. that is a significantab achievement for them. they should be proud of it. but they keep on finding ways to say noas opposed to finding ways to say yes. >> sreenivasan: the presiasnt's plan would raise taxes on those making more than $400,000 a year. white house officials said he'd veto what house republicans call .plan it would raise taxes on those. making one million dollars a year, and keep tax...
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Sep 4, 2012
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scott walker began by talking about the fact, he said, well, there's a deficit. we have to get rid of collective bargaining. when they called his bluff and said we'll sit down and negotiate with you right now, then he says no i'm not interested in negotiating with you. i want to take out collective bargaining. the real reason is they realized the backbone of the democratic party, the people that oppose them, is organized labor. we're the ones that have the boots on the ground. we have money and organization. they really have to take us out. it's not about the budget or pensions. whether its in wisconsin, ohio, new jersey, michigan, indiana. it's all the same thing. we are targeted because we are the backbone of the progressive movement in this country. >> woodruff: an extension of that same question, the public often looks at union members and says wait a minute. why can't they especially public service employees why can't they accept some of the same cuts that private sector workers have had. >> i think more and more members of the public are saying public servi
scott walker began by talking about the fact, he said, well, there's a deficit. we have to get rid of collective bargaining. when they called his bluff and said we'll sit down and negotiate with you right now, then he says no i'm not interested in negotiating with you. i want to take out collective bargaining. the real reason is they realized the backbone of the democratic party, the people that oppose them, is organized labor. we're the ones that have the boots on the ground. we have money and...
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Sep 20, 2012
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president and congressional leaders last year to reach a brand bargain on how to attack the budget deficit and the debt. the book is called "the price of politics" and bob woodward joins us now. welcome. >> thank you. >> woodruff: so when you started working on this book, what was it that you wanted to capture? >> well, it's clear that the economy is the issue and impacts everyone. and leading up to a presidential-- this year, i mean, it's obvious that what happened and what-- you find when you do these books, the news coverage is excellent but it runs by history and you have to go back and say, okay, let's get the meeting notes, it's get the documents, do the extensive interviews so you do a full excavation of what really happened. >> woodruff: what was it about that-- it was pretty much a six-week period that you mainly focus on in 2011. >> yes, about half the book is that, last summer. >> woodruff: why that period? >> well, because that's when we were at the edge of the cliff and if there was a default, as the treasury secretary tight told thsecretary timgeithner tof we don't fix this w
president and congressional leaders last year to reach a brand bargain on how to attack the budget deficit and the debt. the book is called "the price of politics" and bob woodward joins us now. welcome. >> thank you. >> woodruff: so when you started working on this book, what was it that you wanted to capture? >> well, it's clear that the economy is the issue and impacts everyone. and leading up to a presidential-- this year, i mean, it's obvious that what happened...
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Sep 29, 2012
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how are they going to solve the deficit problem and also increase job creation?" and i'd like to hear that explained clearly, because they have two very different philosophies. third, i think that if the debates do their job, we're going to be able to answer the question, "what are the sacrifices either one is going to ask us to make?" >> such as reforming social security, medicare, higher taxes, lower taxes? >> yes. and on the table are all sorts of things that many people value a great deal and we may not be able to afford anymore. so should we have deductibility for second home mortgages? should we have deductibility for high-cost homes? should we have health insurance coverage provided by employers continue to be deductible? if so, for whom, should it be for all? and should we raise the age of entitlement, if so, to what level?" when someone says that about social programs, i want to also hear the answer to the question, "what are you doing with military spending? and how do you justify the tradeoff? we've gotta get the revenue someplace. where are you willing
how are they going to solve the deficit problem and also increase job creation?" and i'd like to hear that explained clearly, because they have two very different philosophies. third, i think that if the debates do their job, we're going to be able to answer the question, "what are the sacrifices either one is going to ask us to make?" >> such as reforming social security, medicare, higher taxes, lower taxes? >> yes. and on the table are all sorts of things that many...
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Dec 6, 2012
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look back historically, judy, those are the points in time when you're able to deal with some of the deficit issues -- and by the way, government is only funded through march, anyway. so regardless of the debt ceiling, there's still the issue of the fact that we have-- we have only funded government through march. there are two points, the funding of government and the debt ceiling and i would agree with you, that it's unfortunate that a 11 reg point like that has to be used. we should sit down to solve the problem. but the it's the only thing thus far that produced results -- we got the budget control act last time-- to really take our nation towards solvency. i would agree with you. i wish we could sit down and self-solve it. i think there is a majority in the hous house and senate that t to do that, but the only two negotiators that matter right now are the president and speaker boehner. and as i mentioned before-- again, i understand there are two sides of this tale-- the president is really not yet offering the kind of reforms that would make these programs solvent for the long haul so
look back historically, judy, those are the points in time when you're able to deal with some of the deficit issues -- and by the way, government is only funded through march, anyway. so regardless of the debt ceiling, there's still the issue of the fact that we have-- we have only funded government through march. there are two points, the funding of government and the debt ceiling and i would agree with you, that it's unfortunate that a 11 reg point like that has to be used. we should sit down...
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Jun 15, 2012
06/12
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if bush tax cuts caused these deficits why did you exend? it was a thoughtful question. what is his job plan? and the other one was is hiding under his mustache? it did range. >> warner: did the president respond to these? did these get through and become part of the event? >> well, the president wasn't taking questions on twitter. he's done that twice before, campaigned very aggressive in the use of twitter but i think they bobbled the ball on this one. an hour after the speech axelrod hadn't posted any answers and things move quickly on line and i think they missed the moment. also with more conservative detractors of the president using that hashtag it was a mixed message. >> warner: so we are hearing a lot about these parody accounts in socialki$sqdia. what are those? >> well, parody accounts are basically made up by somebody. >> brown: this is on twiter? >> it was on twitter by somebody posing as somebody else. so in this instance the romney campaign posed as bill clinton and said... tweeting as bill clinton "there's no quesp÷nñ that mitt romney had a sterling bus
if bush tax cuts caused these deficits why did you exend? it was a thoughtful question. what is his job plan? and the other one was is hiding under his mustache? it did range. >> warner: did the president respond to these? did these get through and become part of the event? >> well, the president wasn't taking questions on twitter. he's done that twice before, campaigned very aggressive in the use of twitter but i think they bobbled the ball on this one. an hour after the speech...
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Dec 22, 2012
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package that avoids tax hike on mid class, >> and lays the groundwork for further work on both growth and deficit reduction. that's an achievable goal. that can get done in ten days. >> bayne never >> holman: in his appearance earlier, boehner, flanked by majority leader eric cantor, sounded doubtful, but said he's willing to try. >> how we get there, god only knows. all i'm telling you is that eric and i, and our team here are committed to working with our colleagues on both sides of the aisle, both sides of the capitol, and the white house to address that. >> holman: still, as the capitol emptied for the holiday, the clock was ticking down to more than $500 billion in spending cuts and tax hikes kicking in. >> woodruff: and to the analysis of shields and gerson-- syndicated columnist mark shields and "washington post" columnist michael gerson. david brooks is off tonight. gentlemen, good to have you with us. >> good to be with you. >> woodruff: so mark, the fiscal cliff, it's still with us. it's still out there. the president made a last minute statement late this afternoon. where does everythi
package that avoids tax hike on mid class, >> and lays the groundwork for further work on both growth and deficit reduction. that's an achievable goal. that can get done in ten days. >> bayne never >> holman: in his appearance earlier, boehner, flanked by majority leader eric cantor, sounded doubtful, but said he's willing to try. >> how we get there, god only knows. all i'm telling you is that eric and i, and our team here are committed to working with our colleagues on...
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Oct 29, 2012
10/12
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be walking away.. from the negotiations that we've been eaged in here at the white house for a heg deficit reduction and debt reductionr package. >> narrator: bipartisanship was long buried. now there was open antagonism. >> when that collapsed and when that ended up in that terribly muddy compromise that nobody liked, i think that was the turn. i think at that point he and everybody around him decided, "this isn't working and we're not going to work this way." >> and the american people i think are fed up with political posturing and an inability for politicians to take responsible action as opposed to dodge their responsibilities. >> we've seen his approval ratings the economy dip... >> narrator: three and half years after he came to washington on a promise of change... >> obama is under 50% approval rating... >> narngtor: ... barack obama returned to the campaign trail.. himself changed. >> a difficult road ahead for the esident... >> i think you see today a president obama with a thicker skin, more jaundiced eyes,t. has grown more skeptical, even cynical perhaps, about washingt. >> no
be walking away.. from the negotiations that we've been eaged in here at the white house for a heg deficit reduction and debt reductionr package. >> narrator: bipartisanship was long buried. now there was open antagonism. >> when that collapsed and when that ended up in that terribly muddy compromise that nobody liked, i think that was the turn. i think at that point he and everybody around him decided, "this isn't working and we're not going to work this way." >>...